Intraday Live short term trading calls from an Expert Retail Forex Trader

[Forexmospherian]

Morning Pete ------- top of the morning to you , I do beleive that you are trying to help others, but I and maybe many others think that your overpowering posts jumping around like a mad man from one currency to another is a big turn off. I beleive that you have more holidays planned soon, so why not take time out and rethink your approach to this thread.

Morning BP

I probably agree with you - It's been a a very mad busy 80 mins for me - and during that time - have traded 4 pairs - with periods were I have been in 3 scalps at same time

I would certainly not recommend that to other traders who might be following this thread - but this morning is a bit of a one off - as o much going on.

See how I look upon it - if a follower is now into my method - and say maybe as followed for over 2 -3 months - they will have their charts set up as 1 min Lr charts - ie copying mine

Then its a case - they might only ever want to trade 1 or 2 pairs - and then they work on those everyday.

In my case - I dont want to trade say 8 or 10 pairs - mainly just 3 to 6 pairs - and as you know some days 70% of my trades might just be on 2 pairs.

I am rarely in more than 2 scalps simultaneously - although - never worry about having 3 or 4 30% NPGT's open - as they have stops in profit already - so no stress and no extra exposure.

Although I dont mind sharing my ways - as you know - I really dont want to end up as an alert or copy service - so some newbie trader ends up thinking - I need not learn any more myself - I will just copy F when he types his thoughts and levels

I think by September - I will have a new format - hoping I can find another Major Magnum trader to teach as well - I think now after 8 months - he's well on his way - and another 500 live trades under his belt in next 3 months will have him very consistent

Always open to comments - and so maybe a couple of days a week will have a say 2-4 hr session - just on one pair - like EJ or GU ?

Look forward to some of the guys thoughts

Cheers

PS - Have a good day BP


Regards
#

F

 

[Forexmospherian]

8 30 am

Time now to check if interim new highs and lows have held for over 30 mins on any pairs

EU in a very tight range again with low at 3632 - but with interim last high only 37

I think before 9 00 am I will do another review and update etc - need time for my bacon sarnie now ;-)

 

[Forexmospherian]

I think I have just learn another new tip after movement on GU

It posted low at exactly 8 00 at 7121

By 8 21 am - it had not breached low - and only had really 9 -12 mins max to do it

By 8 25 - we had risen above 8 21 am price - so making it a very high probability - we would stay above 7121 and 7125 prices

This we did and by the 30 mins after posting low - hit 7139/40 - ie a 18 /19 pip rise

Not actually combined 30 min rules with key TW times before - must look more into that

 

[Forexmospherian]

8 53 am

All's slowed down for now

I think I will wait to after 9 09 am for a review and updates - just in case in next 15 mins or so we can see some more clues

 

[Forexmospherian]

GU

This pair as taken my most interest last hr

range is say 7121 to 7141 - approx 20 pips

I want to scalp buy above 26 /27 and atm price at 29

Under 24 and 21 hold scalp sells

Only look at scalp buys with quick lrs and TW etc etc

 

[Forexmospherian]

9 04 am

GU

Atm not got under 7128 - and that might be the scalp buy entry - not 26 /27

I would look at selling again under 7148/50 then - if the turn does happen and if we do try up that far

Under 24 and 21 is easy - more sells to 7100 and even yesterday's low

 

[Chalky_trader]

Morning F

Have you ever looked at trading the DAX? if not may I suggest you spend 5 mins looking at a DAX chart using your indicators.

Reasons are as follows.

It has decent moves ATR is currently 91 pips, fixed spread with most brokers of 1 pip or less so decent moves and low spread.

I am told it is mainly traded technically and obeys the 'rules' so to speak...


be interested to see what you think

Regards

 

[Forexmospherian]

Morning F

Have you ever looked at trading the DAX? if not may I suggest you spend 5 mins looking at a DAX chart using your indicators.

Reasons are as follows.

It has decent moves ATR is currently 91 pips, fixed spread with most brokers of 1 pip or less so decent moves and low spread.

I am told it is mainly traded technically and obeys the 'rules' so to speak...


be interested to see what you think

Regards

Morning CT

I have never traded anything else than Forex in last 12 yrs or so - not even Gold or silver

Its been great for improving my FX trading - BUT - maybe I have been missing out a lot for last say 5 -7 yrs with me staying only with FX

I know a few other traders here are trading some other instruments - and maybe I should spend time looking at Dax / Dow / Ftse etc

One I will ponder over my holidays - I know I should at least have a go

Cheers

Regards


F

 

[Forexmospherian]

GU

7126/27 was a better scalp buy entry

No 34 /35 and I take 100% stake off

 

[Chalky_trader]

Morning CT

I have never traded anything else than Forex in last 12 yrs or so - not even Gold or silver

Its been great for improving my FX trading - BUT - maybe I have been missing out a lot for last say 5 -7 yrs with me staying only with FX

I know a few other traders here are trading some other instruments - and maybe I should spend time looking at Dax / Dow / Ftse etc

One I will ponder over my holidays - I know I should at least have a go

Cheers

Regards


F

will be interesting to see what you think

DAX has been really volatile this morning and I think you would have done well

1 min DAX chart looks great on my setup

 

[Forexmospherian]

9 34 am

Well it did make 35 - but still took 100% off - as did not trust quick move up

Glad I did 30 became another scalp sell and now its a test on 24 and 21

 

[Forexmospherian]

will be interesting to see what you think

DAX has been really volatile this morning and I think you would have done well

1 min DAX chart looks great on my setup

That's interesting - I will say FX as been good first couple of hrs - and of course I feel so used to FX and familiar with many of the pairs I trade - maybe I have done over 10k live trades on just EU and GU over last 7 years - and so tend to think with DAX would need say 100 trades or so before I would dare risk 6 lots plus.

But will certainly try out over next 3 months

 

[Forexmospherian]

GU

keeping to an order this morning - with LH's and now a LL

The only way we will see a proper turn back up now is over 38 and 42 - and under 26 its still in the downward bias

 

[MajorMagnuM]

is this resting or about to drop savagely??

 

[MajorMagnuM]

sl be

 

[MajorMagnuM]

moarghh

 

[MajorMagnuM]

being greedy and thinking lower....

 

[Forexmospherian]

Morning MM

I had not got 7111 or 10 as an interim support level - and of course time was out of TW and so caught out and did not exit until 7114

7110 to say 7125 might be a BTTZ for now

Need to check out GU other levels before another trade

 

[Forexmospherian]

I hope you caught some of the early moves MM - 6 45 am to after 8 30 am was manic this morning - makes a change

GU

I can see now 7111 might be a HL to the 7095 and 7105/6 last lows

All I can do for now is set time on the low postings and look at some other pairs

 

[MajorMagnuM]

gu for me its " is this a hl to the 1900 one yesterday